Headlines
UniCredit issues its first tokenised structured note
Published by Global Banking and Finance Review
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
UniCredit issued its first tokenised structured note, leveraging blockchain to reduce costs and enhance security in digital finance.
MILAN, Dec 19 (Reuters) - Italian bank UniCredit said on Friday it had issued its first tokenised structured note for private investors, a week after issuing its first tokenised minibond together with state lender Cassa Depositi e Prestiti.
Tokenisation turns a traditional financial instrument — such as a bond or note — into a digital version which has full legal value. The token is recorded on a shared blockchain, a digital ledger that replaces conventional registries.
Tokenisation cuts issuance costs, including by reducing manual processing and removing the need to lodge securities with a custodian.
The note targets professional wealth management clients, UniCredit said.
UniCredit said BlockInvest had provided the technology to issue the digital note, while Weltix — authorised by Italian markets regulator Consob to run a digital registry — recorded the note on a public blockchain.
UniCredit said the deal let it run a full digital issuance from start to finish and adapt its systems to standards it expects will become common in the industry.
The bank said this put it among Italy's early movers in blockchain-based securities.
(Reporting by Valentina Za. Editing by Jane Merriman)
Tokenisation is the process of converting a traditional financial instrument, such as a bond or note, into a digital version that holds legal value and is recorded on a blockchain.
A structured note is a debt security that is linked to the performance of an underlying asset, index, or benchmark, offering customized investment solutions to investors.
Blockchain is a decentralized digital ledger technology that records transactions across many computers, ensuring that the recorded transactions cannot be altered retroactively.
A minibond is a type of bond that is typically issued by a company to raise funds, often targeted at retail investors, allowing them to invest in smaller denominations.
Digital issuance refers to the process of creating and distributing financial instruments in a digital format, utilizing technologies such as blockchain to streamline operations and reduce costs.
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